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Spot Mentha Prices Edge Lower On Sluggish Demand

28 Feb 2020 8:50 pm
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NEW DELHI (Commoditiescontrol) - Spot mentha oil prices ruled weak at key markets of Uttar Pradesh on Friday due to the sluggish buying from pharmaceutical and consuming industries.

According to traders, the overall sentiment is weak due to expectation of higher acreage this season and on demand concerns from China and other counties amid the rapid spread of coronavirus.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,300/kg, Rs 1,325/kg and Rs 1,295/kg, respectively.

At the Multi Commodity Exchange (MCX), mentha oil contract for delivery in March ended lower by Rs 6.80 or 0.57 percent at Rs 1,184 per kg.


       
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